Keep Learning

Standard Oil was formed in 1870, and within eight years it controlled 85% of America's oil industry. The company was forced to dissolve in 1911, under the Sherman Antitrust Act. As a result, the company was broken down into several separate companies in order to break up the monopoly it had on the oil industry. After a bout of merging, the descendants of the company exist today in five factions: B, Exxon Mobil, ConocoPhillips, Marathon Oil and Chevron.